Safaricom reaches 52 million subscribers in Ethiopia
The telecom giant reported this milestone with its half-year results, marking rapid growth in one of Africa’s biggest telecom markets.
The telecom giant reported this milestone with its half-year results, marking rapid growth in one of Africa’s biggest telecom markets.
Co-op Bank secures $3.8 million partnership aimed at improving clean water and sanitation access across the country.
East Africa's telecom giant, Safaricom, sees revenue growth but faces profitability hurdles.
The fund targets key African tech hubs, including South Africa, Nigeria, Kenya, Ivory Coast, and Egypt.
This boost in fortune solidifies his place as East Africa's richest individual and places him as the 1,882nd wealthiest person globally.
The recent decline has reversed much of his previous gains, reducing his holdings to Ksh4.49 billion ($34.86 million).
MTN Uganda’s financial success translated into a notable profit increase of 29.6 percent, rising from Ush354.44 billion ($96.87 million) to Ush459.42 billion ($125.58 million).
This marks a 19.4 percent decline from last year's earnings of $2.42 million, primarily due to a 31.7 percent drop in the value of share-based awards.
Mohamed Mansour, through his leadership of Mansour Group and various strategic ventures, has built a global business empire spanning industries such as automotive, heavy machinery, food services, and sports.
The decline underscores ongoing pressures on Kenya's agricultural sector as market challenges weigh on shareholder value.
The bid offers an investment of over Ksh23.5 billion ($182.4 million), equating to Ksh65 ($0.5) per share for up to 100 percent of Bamburi's shares.
NCBA Group and Sanlam Life Insurance have launched new digital life insurance plans to improve access to affordable funeral and education coverage in Kenya.
NCBA Bank Kenya launches a “No Monthly Fees” initiative for business accounts, easing financial pressure on SMEs as loan rates rise.
The total compensation for 2023 exceeded the previous year’s total reward of Ksh147.73 million ($1 million) by 25.75 percent.
Kenya’s largest telecom operator reports significant job creation and social impact.
The project is designed to enhance financial inclusion for small businesses and individuals in these marginalized areas.